The Board of Directors of Bergen Group resolves to issue a convertible bond loan of NOK 120 mill.

Referring to the stock exchange announcement distributed August 11(th) 2010; the
Board of Directors of Bergen Group ASA has today resolved to use the
authorization granted to it in the general meeting held on 20 October 2010 to
issue a convertible bond loan in the amount of NOK 120 mill. The loan may be
converted into shares in Bergen Group ASA.


The maturity date of the bond loan is 10 June 2011 and the interest rate is 3
month NIBOR + 3%. The bond loan can from 11 May 2011 be converted into 10 mill.
shares at a price of NOK 12 per share. The agreement will include an option for
Bergen Group to repurchase bonds on December 1(st) 2010 or March 1(st) 2011, or
earlier if agreed with the bondholders.

For further information:

Contact persons:

CEO Bergen Group Pål Engebretsen, phone: +47 911 17 369
CFO Terje Iversen (IR/financial), phone: +47 932 40 359

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


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